When is the Optimal Economic Rotation Longer than the Rotation of Maximum Sustained Yield?

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http://eprints.org/relation/isVersionOf https://pure.iiasa.ac.at/id/document/2747 http://eprints.org/relation/isVolatileVersionOf https://pure.iiasa.ac.at/id/document/2747 http://eprints.org/relation/isCoversheetVersionOf https://pure.iiasa.ac.at/id/document/2747 archive 351 disk0/00/00/26/91 2016-01-15 01:56:09 2021-08-27 17:12:26 2016-01-15 01:56:09 monograph show 2 Binkley C.S. AL0495 When is the Optimal Economic Rotation Longer than the Rotation of Maximum Sustained Yield? pub iis_ecn iis_for iis_mod prog_fsp Contrary to the assertions of many, the rotation which maximizes the net present value of timber receipts may be longer than the rotation which maximizes average annual physical yield. This circumstance may arise even in a very simple economic model once regeneration costs are recognized. Along with a theoretical comparison of the two rotation criteria, an example using Pinus patula plantations in Tanzania demonstrates the potential practical importance of this conclusion. 1985-02 published WP-85-009 WP-85-009 1733 public working_paper IIASA, Laxenburg, Austria 14 FALSE info:eu-repo/semantics/book